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Successful placement of Bond Tap Issue
Globenewswire· 2026-01-28 07:00
Core Viewpoint - Diversified Energy Company has successfully placed a USD 200 million tap issue of its outstanding senior secured bonds, increasing the total amount to USD 500 million, with proceeds intended for general corporate purposes [1][2]. Group 1: Bond Issuance Details - The tap issue will be issued under a separate ISIN until a prospectus is approved, after which the tap issue bonds will merge with the existing 2029 Secured Bonds [2]. - DNB Carnegie acted as the Sole Bookrunner for the tap issue [2]. Group 2: Company Overview - Diversified Energy Company is a leading publicly traded energy firm focused on acquiring, operating, and optimizing cash-generating energy assets [3]. - The company employs a differentiated strategy to acquire long-life assets and invest in them to enhance environmental and operational performance [3]. - Recognized for sustainability leadership, the company aims to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value [3].